Bitwise Chief Investment Officer (CIO) Matt Hougan said MicroStrategy’s Bitcoin Strategy is an overlooked megatrend and predicted that hundreds of companies will adopt Bitcoin as a reserve asset over the next year and a half, boosting the Bitcoin market, according to a Jan. 13 blog post . “I’ve spent the past few months digging into the idea of companies buying and holding Bitcoin as a treasury asset, and I’ve come away thinking that this is a much bigger trend than most people realize. In fact, I think it’s a bona fide megatrend,” Hougan wrote. Hougan claims MicroStrategy’s Bitcoin strategy isn’t getting enough attention, as most investors think the company is a one-off. However, he believes corporate Bitcoin investments will proliferate into a megatrend for three reasons. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
